Modular Construction market industry: future prospects and Challenges

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The Modular Construction Market size was valued at USD 91.2 billion in 2022 and is expected to grow to USD 143.17 billion by 2030 and grow at a CAGR of 5.8% over the forecast period of 2023-2030

The research report keeps a close eye on major competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of market situations in the forecast term. The research includes in-depth information on emerging trends, market drivers, development opportunities, and market restraints that may impact Modular Construction market industry dynamics. It contains a product, application, and competition analysis, as well as a detailed examination of the market segments.

The Modular Construction Market size was valued at USD 91.2 billion in 2022 and is expected to grow to USD 143.17 billion by 2030 and grow at a CAGR of 5.8% over the forecast period of 2023-2030

This research assists in identifying end-users who drive industry growth and sales. Similarly, the study sheds light on supply chain issues that Modular Construction market participants are likely to face in the near future. It is an extensive study that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The study also looks at key players, significant collaborations, mergers and acquisitions, as well as current innovation and corporate policies. The research report offers a thorough and in-depth examination of global and regional market growth prospects.

Some of key players are Guerdon Modular Buildings (U.S.), Laing O'Rourke (U.K.), ATCO (Canada), Red Sea International Company (Saudi Arabia), Bouygues Construction (France), VINCI Construction Grands Projets (U.K.), Skanska AB (Sweden), Algeco (U.K.), KLEUSBERG GmbH Co. KG (Germany), Katerra (U.S.), Lendlease Corporation (Australia) and other players are listed in a final report.

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Research Methodology

The findings covered in the report were confirmed by primary research with industry professionals and opinion leaders from around the world. To compile and validate the data, various market estimation and data validation approaches are used. We also have a data forecasting model in-house that we use to forecast market growth. Using both primary and secondary research methods, we examined the Modular Construction market from every angle. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and customer behavior patterns, among others.

KEY MARKET SEGMENTS

By Module

  • Four-sided
  • Open-sided
  • Partially open-sided
  • Mixed modules floor cassettes
  • Modules supported by a primary structure
  • Others

By Type

  • Permanent
  • Relocatable

By Material

  • Steel
  • Wood
  • Concrete

By End-Use

  • Residential
  • Office
  • Education
  • Retail Commercial
  • Hospitality
  • Healthcare
  • Others

Competitive Scenario

In addition, the Modular Construction research study examines leading companies from the past and present, highlighting active rising trends, marketing tactics, and industry contributions. The research then shifts to a variety of industry concerns, each with both positive and negative implications for business growth. The global market research report includes the major industry players and suppliers, as well as their respective business strategic studies.

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Data on demand and supply forces, as well as their market impact, are available at the regional, sub-regional, and country levels.

 

  • The study includes a wealth of information, such as market dynamics and opportunities for the forecast period.

 

  • The competitive landscape section includes the market share of major competitors, new developments, and strategies.

 

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